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← The Parochial Church Council Of The Ecclesiastical Parish Of St. Peter's Pedmore, Stourbridge

2023-12-31-accounts

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Parochial Church Council of St. Peter’s, Pedmore Charity Number 1133783

Annual Report and Accounts

Year Ended 31 December 2023

TRUSTEES’ REPORT

AIM AND PURPOSES

St Peter’s Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, in promoting in the parish of Pedmore, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the St Peter’s Centre. As part of recent legislation, the PCC must report on “Public Benefit.” This Public Benefit is reflected in the statements of Objectives and Activities below.

OBJECTIVES AND ACTIVITIES

The PCC is committed to enabling people to worship at St Peter’s and to become Christians.

Our vision is to be a growing all age church, experiencing and sharing the love of God with the people of Pedmore. So, we:

The PCC maintains an overview of worship, and endeavours to enable worship and other church activities to put faith into practice. The PCC’s remit includes:

To facilitate this work it is important that we maintain the fabric of the Church and the St Peter’s Centre.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Powers Measure. The PCC is a Registered Charity (Registration number 1133783). St Peter’s Church is part of the Diocese of Worcester within the Church of England and is situated in Pedmore Lane, Pedmore, Stourbridge DY9 0SW. The method of the appointment of PCC members is governed by and set out in the Church Representation Rules. The membership of the PCC consists of the Rector, churchwardens, readers who wish, and members elected by those members of the congregation who are on the Electoral Roll. The trustees of the PCC are also trustees of the St Peter’s Centre Pedmore Charity which has provided loans to the PCC in connection with the building of the St Peter’s Centre.

During 2023 the PCC has continued to comply with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults). In particular, the PCC has continued to use the safeguarding toolkit provided by the Diocese as a way of self-assessment to ensure that it fulfils its duties and responsibilities.

Our parish of Pedmore is committed to safeguarding children, young people and adults from harm. We follow the House of Bishops guidance and policies and have our own Parish Safeguarding Officer (PSO). Our Diocese of Worcester’s safeguarding pages contain vital links and information including contacts for the Diocesan Safeguarding Advisor who advises our PSO. If you are concerned that a child or adult has been harmed or may be at risk of harm please contact the PSO, Elaine Hurry or - the Diocesan Safeguarding Advisor, Hilary Higton at hhigton@cofe worcester.org.uk. If you have immediate concerns about the safety of someone, please contact the police and your local authority’s children or adult social care services."

PAROCHIAL CHURCH COUNCIL OF ST PETER’S, PEDMORE Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. During the period from 1 January 2023 to the date of this report the following served as members of the PCC:

Rector: The Rev'd Canon W David Nichol

Readers: Mr Richard Sarjeant

Wardens: Mrs Pauline Rollason (until May 2023), Mrs Joy Evans and Mr Jim Ford (from May 2023)

Representatives on the Deanery Synod: Mrs Joan Coleman (until May 2023) Mrs Pauline Rollason and Mr David Reeson (from May 2023)

Elected members:

PCC Secretary Mrs Sally-Anne Hedworth (not a member of the PCC) Safeguarding officer Mrs Elaine Hurry (not a member of the PCC)

COMMITTEES

The PCC operates though a number of committees which meet between full meetings of the PCC:

Standing Committee . This is the only committee required by law. It has the power to transact the business of the PCC between its meetings subject to any directions given by the council.

St Peter's Centre Committee . To represent the council in the operation of St Peter's Centre under Terms of Reference agreed by the council. Mission Committee . To act as prayer support for mission societies. To raise and distribute monies to various mission and charitable organisations. To act as an informational and educational body of the Church.

Pastoral and Church Family Committee . To co-ordinate the pastoral care of people associated with St Peter’s and promote events that encourage fellowship and well-being amongst the church community. Staffing Committee and Staffing Appeals Committee . To support the work of paid employees and the volunteers who serve the church

David Nichol PCC Chair PCC CHAIR’S REPORT

In one sense all I really need to say is two words, thank you . Thank you to those who have led worship, provided music, helped with Saplings, led Messy Church and Forest Church, arranged flowers, cleaned the church, read the readings, led prayers, delivered CD’s, managed the church centre, served on the PCC, served as sides people, looked after the churchyard, made coffee, and so the list can go on don’t feel overlooked if you are not mentioned that is simply my mistake. Thank you for doing what you do for St Peter’s

It is safe to say that 2023 has been the first full year, during my time in office, in which I can say that we have operated in a normal fashion. We have been able to maintain our public worship. Continue with efforts to make wider connections with the parish community. You might say seeking to be a parish church for the parish of Pedmore. It should be said that we live in changed times with far more limited connections with the church than in previous years; evidenced by the reduction in the number of occasional offices the church is asked to carry out. Going forward working with a Mission Accompanier under the Diocesan transformation plans will help the church to focus on how we can engage more effectively.

Others will comment more fully of finance and fabric. The price rises for utilities have had a serious effect on the financial health of the church and we must all continue to look at how we support the church financially if the church is to continue to become healthy and sustainable. The churchwardens will report on the fabric of the building; although eh recent quinquennial has not highlighted any major issues there are still a number of things that need to be rectified; currently the boundary walls in the church yard are being looked and plans created to address the problems highlighted by the architect.

I began with thank you and will end by saying thanks be to God who has called us into his church and continues to bless us we seek to serve him.

SECTION REPORTS

CHURCHWARDEN'S REPORT for 2023. Joy Evans, Pauline Rollason (until April ’23), and Jim Ford (from April ’23) Church Fabric .

The inventory was completed in April. All church properties, goods and ornaments were checked by Pauline Rollason, Joy Evans, and Peter Coleman (sound and music items). Three new music stands were purchased, paid for by kind donations. The repair to the porch roof was completed in June at a cost of £2340. Gutter and Hodder cleaning was carried out in April. Checks and Maintenance.

The emergency lighting has been checked regularly throughout the year. Fire extinguishers checked in May. Portable appliances were tested (PAT test), in October. The boiler was serviced by HMS in February. The wall heaters were adjusted in August, to enable them to be used independently of the main heating system. The clock in the tower was serviced in June. The lightning conductor was checked, and it was agreed that it should be checked biennially. The lobby doors were adjusted to allow them to close properly. The church alarm system keypad was replaced. The CCTV camera on the roof was replaced.

Churchyard and Paths.

The maintenance of the churchyard was becoming a problem as the number of gardeners diminished but we are fortunate to have the services of the Probation Service with their community service workers. They have been doing a fine job throughout the summer months.

In April our main gas pipeline to the church was replaced by Cadent. The repair to the boundary wall, which was highlighted in the Quinquennial for our attention, has received permission from the Diocese to go ahead. This will take place at the end of March 2024. Permission to incur onto the cricket land has been granted. A condition was imposed that the trees next to the wall should be protected. We have taken advice from Matthew Rogers, an Arbor ologist, about the best way to protect the roots of the trees as the repairs are very close proximity to them. A method was agreed, and the stonemasons are happy to oblige. The cost is almost £10,000 to which we have a grant of £2,000 from the Anthony and Gwendoline Memorial Charity.

Inventory 2023 Report.

The inventory of items belonging to and within the church was carried out in April. The book inventory was completed and found to be in order. The inventory of other possessions within the church was carried out and found to be in order apart from the purchase of three new music stands and the disposal of one that is broken.

These inventories are as accurate as possible as they are transient throughout the year.

Log Book.

The church log book has been kept up to date and contains all the relevant information, documents and invoices for repairing and servicing the fabric and contents of the church. Signed by: Joy Evans and Jim Ford, April 2024.

PCC SECRETARY’S REPORT Sally-Anne Hedworth During the year the PCC have continued to monitor the finances of both St Peter’s Church and the St Peter’s Centre.

During the year the Council has received financial updates for the Church Accounts and the St Peter’s Centre Accounts and has been pleased to support recommendations from Partners in Mission to offer charitable support. Payment of the Parish Share has continued to be a challenge.

All the regular required checks on the church and St Peter’s Centre have been carried out.

The PCC met together regularly. Standing Committee, who deal with day to day business between full PCCs has mostly conducted business through email and the telephone.

There have been no Health & Safety issues and no Safeguarding issues reported to the PCC.

Thanks go to Brian Mitchell, St Peter’s Centre Treasurer, and the rest of The Centre Management Team for all the hard work and time that goes in to keeping the Centre in good repair and the commitment to making the Centre as user friendly as possible.

SAFEGUARDING REPORT (CHILDREN AND VULNERABLE ADULTS) Safeguarding Activity 2022-2023 Number of DBS processed: Number of people attending training: Any advice sought from DSA/ADSA: Updates from PSO Network meetings Completion of toolkit: How many children’s / adult activities taking place

St Peters Singles Group Messy Church Saplings Forest Church

Role description available for all posts: How is safer recruitment adhered to in the parish:

Elaine Hurry Parish Safeguarding Officer

FINANCIAL COMMENTARY Malcolm Medcraft

The attachments are the final accounts of 2023 for St Peter’s Church Pedmore and the St Peter’s Centre Pedmore Charity. The St Peter’s Centre Charity Account

This account is essentially a long term loan account which receives an annual contribution of £270 plus interest.

St Peter’s Church Pedmore

This account consists of a consolidation of St Peter’s Church and the St Peter’s Centre.

Page 4.

The statement of financial activities shows resources received and used for 2023 compared to 2022. The deficit of £12,322 includes the deficit of £995 of St Peter’s Centre (after adjustment for interest received). The transfer between funds relates to the sale of shares invested with the Church Yard endowment fund. It is important to note that this does not represent income but merely a transfer of an asset from one fund to another, but it does allow the use of this money on the repair of the wall. Following this transaction the endowment fund column shows zero at the end of 2023.

Page 5.

The net assets on the balance sheet of £228,962 shows the reduction of £12,322 from 2022 to 2023. Further explanation of the figures in the statement of financial activities and the balance sheet are contained on pages 8-15.

Page 8.

In 2023 regular giving maintained the levels of 2022 thanks to the receipt of a legacy of £10,000 from the estate of Robert Hill together with generous individual donations and a grant from the Anthony and Gwendoline trust towards the repair to the churchyard wall. Income was further boosted by an increase in net fees received and an encouraging increase in the lettings of the St Peter’s Centre

Page 9.

The commitments to Mission Giving and Parish Share were met in full, being £7,000 and £54,000 respectively.

There was a large increase in the Church and Centre running costs being a full year of higher energy bills. In 2022 there was a subsidy from the Diocese against gas charges but there was no subsidy in 2023. Insurance charges for 2023 remained the same as 2022.

There was an increase in repair s expenditure, the main items being as follows:

the church porch, the church entrance, heating fans, roof cameras and the path.

Page 10.

There was a slight increase in fixed assets being work related to the internal storage doors in the St Peter’s Centre.

Page 11.

The release of the money from the sale of CBF shares has been reallocated to the restricted Church Yard Fund, which will enable the repair of the wall to go ahead.

Debtors and Prepayments are as follows: Tax refund Gift aid (final Quarter of 2023) £2,924 Insurance prepayment £2,887 Recovery of VAT (listed place of worship) £ 390

Sundry prepayments £ 330 £6,531 Liabilities Pedmore Charity £ 270 Utilities (accrued gas and electricity) £2,700 Parish Share £4,500 Ramp Licence £ 450 HMRC £ 452 Bank Charges etc £ 32 £8,404

Page 12 St Peter’s Charity Loan Account Page 13. The Unrestricted Funds of £64,965 are made up as follows: CBF Deposit Account £41,951 Castle and Crystal Account £ 6,456 Church Deposit Account £10,707 Church Current Account £ 8,620 Church Centre Current Account £10,729 Petty Cash £ 77 Flower Guild £ 62 Debtors £ 6,531 £85,132 Less Restricted funds £(19,292) Less Liabilities £( 8,134) Plus Net fixed assets £ 7259 £64,965

This £65,000 meets our requirement of having sufficient distributable funds to cover 6 moths running costs, however future losses on the scale of the last 3 years would put this requirement in jeopardy. Pages 14 and 15.

Notes 12 and 13 Show the movement of funds and the transfer of the Mission fund to General and the Churchyard endowment to the Churchyard restricted.

2024

If current levels of income and expenditure are maintained throughout 2024 it is possible that there will be a deficit of between £15,000 - £20,000, assuming our commitment to Mission Giving and Parish share. Our commitment to Mission Giving for 2024 would be £7,000 and should be maintained.

Parish Share.

The Parish Share for the benefice in 2023 was £67,070 of which St Peter’s paid 80%, being £54,000. The increase in 2024 is 5% totalling £70,424. 80% of that figure would be £56,339.

I do not believe St Peter’s could support that level of expenditure and would suggest a maximum of 60% being £42,144; say £42,000. This would leave a balance of £28,424. St Andrew’s will be requesting a low

income relief of the Parish Share which normally would be approximately £6,000, leaving them a commitment of £22,424. This suggestion could obviously be subject to review after 6 months if circumstances were to change.

The Wall

The repair to the Church Yard wall has been approved and is due to commence by the end of March. The total cost is £9,829.20 with a contingency of £500. A deposit of 50% (£4,914.60) has been paid to enable the builder to order the work. At the end of 2023 the Church Yard fund totalled £9,778, thanks to the sale of shares and the generous donation from the Anthony and Gwendoline Trust Charity. Further individual donations in 2024 have increased that fund total to cover the cost of the repair.

Grants for repair

Worcester Diocese has been awarded £135,000 by the Church Commissioners to be distributed to Parishes as part of the building for Mission project. Parishes may apply for grants of up to £10,000 to make repairs to Church buildings. Funds will be open for applications from 1[st] March with 3 month submission deadlines, the first on the 31[st] May 2024 and the last on 31[st] May 2025. Guidance, eligibility and application forms are available on the diocesan website under “Funding for Church Projects”

Legacy

In February St Peter’s was pleased to receive a legacy of £5,000 from the estate of Margaret Carrington.

GREATER DUDLEY DEANERY SYNOD

The parish is part of the Greater Dudley Deanery. There were two meeting during the year – considering the Diocesan priorities of working with children and young families and creating new worshipping communities.

PARTNERS IN MISSION Joan Coleman

The church has continued to give financial support to partners in mission both locally and globally. The parish is still linked with Anna Sims in Peru and there has also been support given to the Jennings family working in South East Asia.

STAFFING COMMITTEE REPORT

1. Staff Employed by the PCC .

 Church Administrator

The Church Administrator has continued to be line managed by the Rector.

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Parochial Church Council of St. Peter’s, Pedmore

Charity Number 1133783

Annual Report

Year Ended 31 December 2023

Parochial Church Council of St. Peter’s, Pedmore

CONTENTS

Chairman’s Report 1-3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6-15
Independent Examiner’s Report 16

Parochial Church Council of St. Peter’s, Pedmore

CHAIRMAN’S REPORT

AIM AND PURPOSES

St. Peter’s Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent, in promoting in the parish of Pedmore, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the St. Peter’s Centre. As part of recent legislation, the PCC must report on “Public Benefit.” This Public Benefit is reflected in the statements of Objectives and Activities below.

OBJECTIVES AND ACTIVITIES

The PCC is committed to enabling people to worship at St. Peter’s and to become Christians.

Our vision is to be a growing all age church, experiencing and sharing the love of God with the people of Pedmore. So, we:

The PCC maintains an overview of worship, and endeavours to enable worship and other church activities to put faith into practice. The PCC’s remit includes:

To facilitate this work it is important that we maintain the fabric of the Church and the St. Peter’s Centre.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Powers Measure. The PCC is a Registered Charity (Registration number 1133783). St Peter’s Church is part of the Diocese of Worcester within the Church of England and is situated in Pedmore Lane, Pedmore, Stourbridge DY9 0SW. The method of the appointment of PCC members is governed by and set out in the Church Representation Rules. The membership of the PCC consists of the priest in charge, churchwardens, readers who wish, and members elected by those members of the congregation who are on the Electoral Roll. The trustees of the PCC are also trustees of the St Peter’s Centre Pedmore Charity which has provided loans to the PCC in connection with the building of the St Peter’s Centre.

During 2023 the PCC has continued to comply with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults). In particular, the PCC has continued to use the safeguarding toolkit provided by the Diocese as a way of self-assessment to ensure that it fulfils its duties and responsibilities.

Annual Report for the Year Ended 31 December 2023

Page 1

Parochial Church Council of St. Peter’s, Pedmore

CHAIRMAN’S REPORT (CONTINUED)

MEMBERSHIP

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. During this period from 1 January 2023 to the date of this report the following served as members of the PCC:

Incumbent:

Priest in Charge: The Rev’d Canon W David Nichol

Readers:

Mr Richard Sarjeant

Wardens:

Mrs Pauline Rollason (until May 2023) Mrs Joy Evans Mr Jim Ford (from May 2023)

Representatives on the Deanery Synod:

Mrs Joan Coleman (until May 2023) Mrs Pauline Rollason (from May 2023) Mr David Reeson Vice Chair (from May 2023)

Elected members:

Mr Malcolm Medcraft Treasurer Mrs Mary Medcraft Electoral Roll Officer Mr David Reeson, (until May 2023) Mrs Joan Coleman (from May 2023) Mr Peter Coleman Mrs Anne Vincent Mr Steven Evans Mrs Gayle Breakwell Mrs Charlotte Neal Mr Jim Ford (until May 2023)

Annual Report for the Year Ended 31 December 2023

Page 2

Parochial Church Council of St. Peter’s, Pedmore

CHAIRMAN’S REPORT (CONTINUED)

COMMITTEES

The PCC operates though a number of committees which meet between full meetings of the PCC

Standing Committee

This is the only committee required by law. It has the power to transact the business of the PCC between its meetings subject to any directions given by the council.

Leadership Team

Comprising the leaders of the teams for communication, developing church family and pastoral matters, organisation and staff management, outreach and evangelism, family, young adults and children’s work, small groups and midweek activities, together with the Rector and future Parish Administrator, the Leadership Team works on policy and practice governing these areas of the life St Peter’s.

St Peter's Centre Committee

To represent the council in the operation of St Peter's Centre under Terms of Reference agreed by the council.

Mission Committee

To act as prayer support for mission societies. To raise and distribute monies to various mission and charitable organisations. To act as an informational and educational body of the Church.

Staffing Committee and Staffing Appeals Committees

These two committees, acting independently of one another, deal with routine staff matters on behalf of the council and make recommendations on other changes.

O God,

without your Holy Spirit we are powerless to be your kingdom people and do your work. In all times of change, help us in all our thoughts, prayers and actions to be led by you; and in our worship, in our outreach, and in our support for one another help us to know the sure guidance of your Spirit, that, in communion with brothers and sisters near and far away, we may seek the honour of our Lord Jesus Christ in all that we think, say and do, and bring glory to him, who is our risen Lord and Saviour now and always. Amen.

Annual Report for the Year Ended 31 December 2023

Page 3

Parochial Church Council of St. Peter’s, Pedmore

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income - Regular
2a
Voluntary income - Occasional
2b
Activities for generating funds
2c
Investment income
2d
Income in furtherance of Church objects
2e
Other incoming resources
2f
Income received for others (see
Resources used)
2g
TOTAL INCOMING RESOURCES
RESOURCES USED
Amounts collected for others
3a
Fundraising trading costs
3b
Charitable activities - Mission gifts
3c
Charitable activities - Parish Share
3d
Charitable activities - Out of associated
income
3e
Charitable activities - Clergy & services
3f
Charitable activities - Church, buildings
& surrounds
3g
Charitable Activities - Management &
administration
3h
Other resources used
3i
TOTAL RESOURCES USED
TRANSFERS BETWEEN FUNDS
NET INCOMING / (OUTGOING)
RESOURCES
GAINS / LOSSES ON REVALUING
INVESTMENTS
NET MOVEMENT IN FUNDS
Total Funds at 1 January 2023
TOTAL FUNDS AT 31 DECEMBER
2023
11		 Unrestricted
Funds
£
55,496
13,457
1,248
998
25,639
20
544
97,402
544
7,000
54,000
6,132
2,339
20,395
14,513
104,923
(7,521)
(7,521)
72,486
64,965		 Restricted
Funds
£
2,981
1,400
4,381
9,466
9,466
6,234
1,149
1,149
162,848
163,997		 Endowment
Funds
£
(6,234)
(6,234)
284
(5,950)
5,950
0		 TOTAL
FUNDS
2023
£
55,496
16,438
1,248
2,398
25,639
20
544
101,783
544
7,000
54,000
6,132
2,339
29,861
14,513
114,389
0
(12,606)
284
(12,322)
241,284
228,962		 2022
£
56,733
15,667
838
803
20,871
2,667
1,735
99,314
1,735
8,000
55,678
5,944
2,365
21,385
14,164
109,271
(9,957)
(794)
(10,751)
252,035
241,284

Annual Report for the Year Ended 31 December 2023

Page 4

Parochial Church Council of St. Peter’s, Pedmore

BALANCE SHEET AS AT 31 DECEMBER 2023

Note
FIXED ASSETS
Tangible Fixed Assets
5
Investments
6
CURRENT ASSETS
Debtors and Prepayments
8
Short Term Deposits
Cash at Bank and in Hand
CURRENT LIABILITIES: AMOUNTS FALLING
DUE WITHIN ONE YEAR
9
NET CURRENT ASSETS
LIABILITIES: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR
10
NET ASSETS
FUNDS
Unrestricted
11a
Restricted
11b
Endowment
11c
TOTAL VALUE OF FUNDS		 TOTAL FUNDS
2023
2022
£
£
194,749
200,061
0
5,950
194,749
206,011
6,531
6,163
48,407
56,490
30,195
23,890
85,133
86,543
(8,404)
(8,271)
76,729
78,272
(42,516)
(42,999)
228,962
241,284
64,965
72,486
163,997
162,848
0
5,950
228,962
241,284		 TOTAL FUNDS
2023
2022
£
£
194,749
200,061
0
5,950
194,749
206,011
6,531
6,163
48,407
56,490
30,195
23,890
85,133
86,543
(8,404)
(8,271)
76,729
78,272
(42,516)
(42,999)
228,962
241,284
64,965
72,486
163,997
162,848
0
5,950
228,962
241,284
206,011
6,163
56,490
23,890
86,543
(8,271)
78,272
(42,999)
241,284
72,486
162,848
5,950
241,284

Annual Report for the Year Ended 31 December 2023

Page 5

Parochial Church Council of St. Peter’s, Pedmore

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS102.SORP

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.

FUNDS

Endowment Funds are funds, the capital of which must be retained permanently by the PCC; the derived income is available for the general purposes of the PCC. However the Charities Act 2022 enable endowment funds of £25,000 or less to be wound up.

Restricted Funds comprise revenue donations or grants for a specific PCC activity intended by the donor.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They exclude the accounts of church groups that owe their main affiliation to another body and those that are informal gatherings of Church members.

INCOMING RESOURCES

Voluntary income and capital sources

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income Tax recoverable on Gift Aid donations is recognised when the income is recognised.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.

Incoming Resources with related expenditure are accounted for gross.

Other ordinary income

Rental Income from the letting of Church Premises is recognised when the rent is due. Other ordinary income is recognised when due if material in value, or otherwise when received.

Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year.

Gains and losses on investments

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.

Annual Report for the Year Ended 31 December 2023

Page 6

Parochial Church Council of St. Peter’s, Pedmore

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

RESOURCES USED

Grants

Grants and donations are accounted for when paid, or when awarded if that award creates a binding obligation on the PCC.

Charitable Activities – Parish Share

The Parish Share is accounted for when paid. Any share (which is not a legal liability) unpaid at 31[st] December for a tear is noted in these accounts.

Fixed Assets

Consecrated and beneficed property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2000 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight line basis. All expenditure incurred during the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired is written off.

Buildings (St Peter's Centre)

The building is depreciated on a straight line basis over 60 years.

Fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight line basis as follows:

Furniture and other fixtures 10% per year Carpets, Curtains and Blinds 20% per year Embedded Assets without independent life 100% first year Computers 33.33% per year

OTHER ASSETS AND LIABILITIES

Investments

Investments are valued at market value at 31 December.

Current Assets

Amounts owing to the PCC at 31 December are shown as debtors less provision for doubtful amounts.

Short-term deposits include cash held on deposit with the CBF Church of England Funds, Castle and Crystal Credit Union, or at the bank.

Liabilities

Liabilities for amounts owed by the PCC are shown as creditors. Prudent estimates are included for items which are not certainly known at 31 December.

Annual Report for the Year Ended 31 December 2023

Page 7

Parochial Church Council of St. Peter’s, Pedmore

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

INCOMING RESOURCES

a) Voluntary income - Regular
Planned Giving
Collections & Other
Income Tax Recovered
Income Tax Recovery attached to specific gifts
Total
b) Voluntary income - Occasional
General Donations
Specific Donations
Legacies
Total
c) Activities for generating funds
Events
Other
Total
d) Investment income
Interest & dividends
e) Income in furtherance of Church objects
Church Breakfast Donations
Fees (see expenditure below)
Magazine (see expenditure below)
Courses & Activities
St Peters Centre Lettings
Other
Total
f) Other incoming resources
Total
g) Income received for others (see
Resources used)
Harvest special collection
Christingle collection
Others
Total
TOTAL INCOMING RESOURCES		 Unrestricte
d
Funds
£
36,402
8,312
11,782
55,496
2,159
1,298
10,000
13,457
1,24
8
998
11,937
13,702
25,639
20
112
105
327
544
97,402		 Restricted
Funds
£
0
2,981
2,981
0
1,400
0
0
0
4,381		 Endowmen
t
Funds
£
0
0
0
0
0
0
0		 TOTAL FUNDS
2023
2022
£
£
36,402
33,458
8,312
11,076
10,782
12,199
55,496
56,733
2,159
2,105
4,279
2,562
10,000
11,000
16,438
15,667
1,248
838
1,248
838
2,398
803
11,937
9,507
13,702
11,364
25,639
20,871
20
2,667
112
90
105
19
327
1,626
544
1,735
101,783
99,314		 TOTAL FUNDS
2023
2022
£
£
36,402
33,458
8,312
11,076
10,782
12,199
55,496
56,733
2,159
2,105
4,279
2,562
10,000
11,000
16,438
15,667
1,248
838
1,248
838
2,398
803
11,937
9,507
13,702
11,364
25,639
20,871
20
2,667
112
90
105
19
327
1,626
544
1,735
101,783
99,314
56,733
2,105
2,562
11,000
15,667
838
838
803
9,507
11,364
20,871
2,667
90
19
1,626
1,735
99,314

Annual Report for the Year Ended 31 December 2023

Page 8

Parochial Church Council of St. Peter’s, Pedmore

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

RESOURCES USED

Unrestricted
Funds
£
a) Paid re collected for others
Harvest special collection
112
Christingle collection
105
Others
327
Total
544
b) Fundraising trading costs
Events Costs
Other
Total
c) Charitable activities - Mission gifts
7,000
d) Charitable activities - Parish ShareNote 1
54,000
Fees (see income above)
6,132
Magazine (see income above)
Courses & Activities
0
44544Total
6,132
f) Charitable activities - Clergy & services
Church Breakfast Expenses
39
Clergy Expenses
338
Family worker Salary and employment costs
Cost of Services
1848
Youth and Sunday School
14
Other
100
Total
2,339
g) Charitable activities - church, buildings & surrounds
Church Running Expenses
11,979
Repairs
7,155
Projects Expenditure
Depreciation - Buildings
Depreciation - Furniture, Fixtures & Plant
1,261
Total
20,395
h) Charitable activities - management &
administration
Printing & Stationery
1180
Office Repairs & Renewals
69
Remuneration Costs
11,861
Depreciation
Other
1,403
Total
14,513
i) Other resources used
TOTAL RESOURCES USED
104,923		 Restricted
Funds
£
1,900
2,826
4,740
9,466
9,466		 Endowment
Funds
£		 TOTAL FUNDS
2023
2022
£
£
112
90
105
19
327
1,626
544
1,735
0
0
0
7,000
8,000
54,000
55,678
6,132
5,499
0
0
44
5
6,132
5,944
39
338
328
1,848
1,611
14
107
100
319
2,339
2,365
13,879
8,407
9,981
7,469
4,740
4,740
1,261
769
29,861
21,385
1,180
609
69
146
11,861
11,238
1,403
2,171
14,513
14,164
114,389
109,271		 TOTAL FUNDS
2023
2022
£
£
112
90
105
19
327
1,626
544
1,735
0
0
0
7,000
8,000
54,000
55,678
6,132
5,499
0
0
44
5
6,132
5,944
39
338
328
1,848
1,611
14
107
100
319
2,339
2,365
13,879
8,407
9,981
7,469
4,740
4,740
1,261
769
29,861
21,385
1,180
609
69
146
11,861
11,238
1,403
2,171
14,513
14,164
114,389
109,271
1,735
0
0
0
8,000
55,678
5,499
0
44
5
5,944
328
1,611
107
319
2,365
8,407
7,469
4,740
769
21,385
609
146
11,238
2,171
14,164
109,271

1 Parish share is paid to the Worcester Diocesan Board of Finance Ltd.

Annual Report for the Year Ended 31 December 2023

Page 9

Parochial Church Council of St. Peter’s, Pedmore

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

PAID EMPLOYEES Staff Costs

AID EMPLOYEES
taff Costs
Gross Wages
Employers National Insurance
Total		 2023
£
11,861
11,861		 2022
£
11,238
11,238

Average Staff Numbers

An administrator and a cleaner were each employed part-time during both years, amounting together to approximately one half full-time employee.

FIXED ASSETS3

Actual / Deemed Cost
At 1 January 2023
Additions
Disposals
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the Year
Disposals
At 31 December 2023
Net Book Value
At 31 December 2023
At 31 December 2022		 Land
£
5,000
5,000
5,000
5,000		 Buildings
£
284,426
284,426
97,196
4,740
101,936
182,490
187,230		 Equipment
£
91,293
690
91,983
83,462
1,262
84,724
7,259
7,831		 Total
£
380,719
690
381,409
180,658
6,002
186,660
194,749
200,061

Land comprises the St. Peter’s Centre site which is held by the PCC on trust for St. Peter’s Centre Pedmore Charity.

Buildings comprises the expenditure on construction of St. Peter’s Centre.

Annual Report for the Year Ended 31 December 2023

Page 10

Parochial Church Council of St. Peter’s, Pedmore

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

INVESTMENTS

TOTAL FUNDS
2023 2022
£ £
288 CBF Shares at 31 December valuation 0 5,950

ANALYSIS OF NET ASSETS BY FUND

Fixed Assets & Investments
Current Assets
Current Liabilities
Long Term Liabilities
Fund Balance		 Unrestricted
Funds
£
7,259
65,840
(8,134)
64,965		 Restricted
Funds
£
187,490
19,293
(270)
(42,516)
163,997		 Endowment
Funds
£
0		 Total
£
194,749
85,133
(8,404)
(42,516)
228,962

DEBTORS AND PREPAYMENTS

Accrued Interest
Other receivable amounts
Insurances paid for following year
Other amounts paid for following year
Tax refunds
Total		 TOTAL FUNDS
2023
2022
£
£
390
191
2,887
2,924
330
198
2,924
2,850
6,531
6,163		 TOTAL FUNDS
2023
2022
£
£
390
191
2,887
2,924
330
198
2,924
2,850
6,531
6,163
6,163

CURRENT LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR

St. Peters Centre, Pedmore Charity
Professional Fees
Repairs & Utilities
Others
Total		 TOTAL FUNDS
2023
2022
£
£
270
270
2,700
2,685
5,434
5,316
8,404
8,271		 TOTAL FUNDS
2023
2022
£
£
270
270
2,700
2,685
5,434
5,316
8,404
8,271
8,271

Annual Report for the Year Ended 31 December 2023

Page 11

Parochial Church Council of St. Peter’s, Pedmore

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

LIABILITIES: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

St. Peter’s Centre, Pedmore Charity, 60
year loan of charity capital for building
St. Peter’s Centre
Less recoupment fund at 31 December
2023
Less due in under one year above
St. Peter’s Centre, Pedmore Charity,
indefinite loan of Charity Capital for St.
Peter’s Centre Land
Total		 45,000
(7,214)
(270)		 TOTAL FUNDS
2023
2022
£
£
37,516
37,999
5,000
5,000
42,516
42,999		 TOTAL FUNDS
2023
2022
£
£
37,516
37,999
5,000
5,000
42,516
42,999
42,999

Annual Report for the Year Ended 31 December 2023

Page 12

Parochial Church Council of St. Peter’s, Pedmore

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FUNDS

a) Unrestricted
General
Young Christian Holidays
Fabric
St Peters Centre
St Peters Centre Building Fund (part)
St Peters Centre Replacement Fixtures
Printing Surplus
Flower Guild
Organ (part)
Church Yard (part)
Mission (part)
Singles
Linen
Total
b) Restricted
Mission (part)
Evangelism
Teaching / Training
Linen
Fabric
Organ (part)
Projects
Church Yard (part)
St Peters Centre Building Fund (part)
Total
c) Endowment
Church Yard
Total
TOTAL VALUE OF FUNDS		 TOTAL FUNDS
2023
2022
£
£
28,543
35,264
0
0
0
0
36,360
37,086
0
0
0
0
0
0
62
136
0
0
0
0
0
0
0
0
0
0
64,965
72,486
0
0
1,422
1,325
330
318
377
377
794
3,656
6,499
6,248
1,443
1,392
9,778
1,651
143,354
147,881
163,997
162,848
0
5,950
0
5,950
228,962
241,284		 TOTAL FUNDS
2023
2022
£
£
28,543
35,264
0
0
0
0
36,360
37,086
0
0
0
0
0
0
62
136
0
0
0
0
0
0
0
0
0
0
64,965
72,486
0
0
1,422
1,325
330
318
377
377
794
3,656
6,499
6,248
1,443
1,392
9,778
1,651
143,354
147,881
163,997
162,848
0
5,950
0
5,950
228,962
241,284
72,486
0
1,325
318
377
3,656
6,248
1,392
1,651
147,881
162,848
5,950
5,950
241,284

Annual Report for the Year Ended 31 December 2023

Page 13

Parochial Church Council of St. Peter’s, Pedmore

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

MOVEMENT ON FUNDS

a) Unrestricted
General
Young Christian Holidays
Fabric
St Peters Centre
St Peters Centre Building Fund (part)
St Peters Centre Replacement Fixtures
Printing Surplus
Flower Guild
Organ (part)
Church Yard (part)
Mission (part)
Singles
Linen
Total
b) Restricted
Mission (part)
Evangelism
Teaching / Training
Linen
Fabric
Organ (part)
Projects
Church Yard (part)
St Peters Centre Building Fund (part)
Singles
Linen
Total
c) Endowment
Church Yard
Total
TOTAL VALUE OF FUNDS		 Fund
Balance
Brought
Forward
£
35,264
0
0
37,086
0
0
0
136
0
0
0
0
0		 Incoming
Resources
£
82,414
14,872
116		 Outgoing
Resources
£
(82,135)
(15,598)
(190)
(7,000)		 Transfers
£
(7,000)
7,000		 Gains and
Losses
£		 Fund
Balance
Carried
Forward
£
28,543
36,360
62
0
72,486 97,402 (104,923) 0 0 64,965
1,325
318
377
3,656
6,248
1,392
1,651
147,881		 97
12
1,378
251
51
2,379
213		 (4,240)
(486)
(4,740)		 6,234 1,422
330
377
794
6,499
1,443
9,778
143,354
162,848 4,381 (9,466) 6,234 0 163,997
5,950
5,950
241,284		 0
101,783		 0
(114,389)		 (6,234)
(6,234)
0		 284
284
284		 0
0
228,962

Annual Report for the Year Ended 31 December 2023

Page 14

Parochial Church Council of St. Peter’s, Pedmore

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

TRANSFERS BETWEEN FUNDS

From Fund
To Fund
Reason
General
Mission
Annual Gifts to Societies
General
Fabric Designated
Provision for future liabilities
General
Printing Designated
Provision for future liabilities
General
Organ Designated
Provision for future liabilities
Church Yard Endowment
Churchyard Restricted
Sale of Shares
Total		 Amount
£
7,000
0
0
0
6,234
13,234

BANKS

Money assets were held at HSBC, at the Central Board of Finance of the Church of England and at Castle and Crystal Credit Union.

15. RELATED PARTIES

St Peter’s Centre Pedmore Charity is an associated charity as all the members of the PCC are automatically trustees of that charity.

16. PAYMENT TO TRUSTEES

Rev’d Canon W David Nichol received expenses of £298

No other trustee received any remuneration from the Charity during the year 2023.

No other trustee received any expense payments for the year 2023

Annual Report for the Year Ended 31 December 2023

Page 15

Parochial Church Council of St. Peter’s, Pedmore

INDEPENDENT EXAMINER’S REPORT

Independent Examiner’s Report

I report to the trustees on my examination of the accounts of the Parochial Church Council of St Peter’s Pedmore (The Trust) which are set out on pages 4 to 15 previous for the year ended 31 December 2023

.

RESPONSIBILITIES AND BASIS OF THE REPORT

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’)

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

INDEPENDENT EXAMINER’S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect

3) The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the ‘Charities (Accounts and Reports) Regulations 2008’ other than any requirements that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached

Annual Report for the Year Ended 31 December 2023

Page 16

Parochial Church Council of St. Peter’s, Pedmore

Annual Report for the Year Ended 31 December 2023

Page 17

Parochial Church Council of St. Peter’s, Pedmore

Annual Report for the Year Ended 31 December 2023

Page 18

Il L'IIui'LlI L:. L)LIIILiI (if" %i. PL:ILr's. .PLdiiiLir¢ INDEPENDENT EXAMIIN,ER'.6• REPORT Independent Lxaminer's Report I roport to thc trustees on m! 0￿9M1n&tion of the acLounts 0£ the P￿￿O¢h1￿1 Lhurch LoiiiiLil of .£>t Peter's Pcdmorc 11 (The Tnist) Ivhich are set out on page5 4 to 15 previoiis for the year ended 31 r)ccenib¢r 20?3 Rf.GiPC)NSIBILITIFSg AYD BA4i12> C)F THF. RFPORT As the Lharit), Irustees of the 'friist IF'OU dre resp0115ible for the preparatioii of the accounts in accordanc¢ Ivith the requirements of the Lh£1rities Act 2011 ('the Act,) I report in rest￿rt of my examination of the 'l'ru.st s accoiints carried out under section 145 of the 2011 Act dnd in carry'iiig nut m): examination I have t"ollowed all the applicabl¢ D{rwtioi￿ bryvell by thL Chi￿lt) Lonunission under seLtion 145(5)th) ¢)f the ALI. INDEI>ENDENI' ExATriif4ElI'b s"fATEMENT 11 I have completed niy ex&miiiation. l Loiitirni that no niaterial matters Iiavc Gomc to my altention in ionneLtion vtih the examination giving me Caus'e lo believe that in aiiv lli'dkrial respect i) The accounting records were not kept ill ￿SpeCt of the 'l'riist as required b),. section 130 ot the Act, or 2) Tlie accounts do lint accord with those recollls: or 3) 'I'he accolints do Jiot comply IlTith the applicable requirements concerning thc t'orm and content of accoullts s¢t out in tli¢ "Cliaritics (Accounts and lknports) Rcg'LJlalioiis - n08, other thtuI an}, requiremeiits that tli¢ accounts giiie il true fair view which is not a matter coiisidered as part of an independe.nt examination. I haN'e no CLiiicerns and Iiuve coiiie across no other matter5 in connection with th¢ ex. atnination lo N%,hiLh iittention lic aexounts lo b¢ reaLhid sholild be drail'n in diis report in order to eiiable a proper understsnditig of t" IS MArtL 2oiy- 2 J (L£)